Md. Code, Ins. § 7-303. Pre-acquisition notification and notice of proposed divestiture filed with Commissioner: Maryland Insurance Acquisitions Disclosure and Control Act – Maryland

Status: Enacted
Year Enacted: 1995
Year Amended: 2014
File: Download

With respect to a transaction subject to this subtitle, a person seeking to acquire control of a domestic insurer must file with the Commissioner the pre-acquisition notification 30 days before the transaction. Any person that controls a domestic insurer seeking to divest its controlling interest in the domestic insurer shall file a confidential notice of its proposed divestiture with the Commissioner at least 30 days before the proposed divestiture and provide a copy of the notice to the insurer.

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